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Fed's Brainard Expresses Confidence in Ability to Reduce High Inflation
By Nick Timiraos & Michael S Derby
Fed to raise rates aggressively in coming months, say economists: Reuters poll
By Prerana Bhat & Indradip Ghosh
Opinion | The Case for Aggressively Raising Interest Rates
By Steven Rattner
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Formerly TwitterMohamed A. El-Erian
elerianm
From the @wsj article, “Why Is the Federal Reserve Always Surprised by Inflation? The central bank owes the public an explanation—and a serious effort to correct its flawed model.”
#economy #markets #centralbanks #econtwitter #federalreserve pic.twitter.com/9pXVdePJAr
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Mohamed A. El-Erian
elerianm
From Bloomberg, and as noted just now by @annmarie, worries about high inflation and elevated interest rates are getting in the way of voters’ appreciation for the US #economy’s #growth performance.
#EconTwitter @economics pic.twitter.com/j1DaG4JTgO
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Holger Zschaepitz
Schuldensuehner
OOPS, stagflationary numbers out of US! US economy expands at 1.6% rate in Q1, trailing all forecasts. Main growth engine – personal spending – rose at a slower-than-forecast 2.5% pace. BUT a closely watched measure of underlying inflation advanced at a greater-than-expected 3.7%… pic.twitter.com/r0Ocl36x32
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Sven Henrich
NorthmanTrader
Fun fact: The Volcker Fed started cutting rates even as inflation resurged above 10% cause the economy was heading into recession.
And it's the recession that got rid of inflation. pic.twitter.com/mobEw3Q1Zy
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Recession Risk Is Rising, Economists Say
By Gwynn Guilford & Anthony DeBarros